Final answer:
In buying a home, a certificate of authenticity is not typically required, whereas a home inspection, signed purchase agreement, and mortgage pre-approval are expected.
Step-by-step explanation:
In the process of buying a home with the assistance of a broker, all of the following are typically required except for a certificate of authenticity. What are required include: a home inspection to check the condition of the house, a signed purchase agreement which is a legally binding contract between the buyer and seller, and usually a mortgage pre-approval which indicates that a lender is preliminarily willing to lend the money required to purchase the home.
The concept of Escrow is also important, as it handles the deposit and ensures that home insurance and property taxes are paid through your monthly payments. The 20% rule is advised for down payments, but lower rates are available at the cost of required mortgage insurance, which protects the lender in case of default. It's important to understand these details as they help navigate financial commitments when considering home ownership.